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Week in numbers: Network Rail sale and NuGen job cuts

A look at the numbers behind a busy week for Network Rail, Galliford’s construction loss and NuGen’s headcount deduction.

5,200 – Network Rail properties sold

20180914 week in numbers Network Rail

20180914 week in numbers Network Rail

The sites – most of which are converted railway arches – have been sold on a leasehold basis, with the proceeds to go towards rail upgrade plans. Network Rail said Telereal and Blackstone will hold equal ownership stakes, with Telereal operating the day-to-day property management of the estate.

-£29.1m – Galliford construction loss

Galliford Try’s construction business recorded an operating loss of £29.1m for the year to 30 June 2018. However, this was an improvement from a loss of £88.8m in its previous results. A £45m charge was incurred on the AWPR scheme, £25m of which was due to costs taken on after Carillion’s collapse and the remainder due to weather delays at the start of the year.

40% – Affordable TfL homes

20180921 week in numbers tf l 2

20180921 week in numbers tf l 2

The transport body this week begun the search for a private partner to help deliver the homes, which form part of plans to build more than 10,000 homes on its own portfolio across London. TfL said it would retain a long-term interest in developments built on its property estate.

13 – £100m+ rail upgrades for third parties

20180914 week in numbers Network Rail 2

20180914 week in numbers Network Rail 2

In a busy week for the rail body, Network Rail published a pipeline of rail upgrades deemed open to third parties including station refurbishments, new routes, electrifications, signalling and capacity improvements. The projects cover all eight route areas including Scotland and Wales, with 13 of these schemes valued at more than £100m.

60% – NuGen headcount cut

20180914 week in numbers NuGen

20180914 week in numbers NuGen

NuGen revealed in a statement that it had concluded an employee consultation process and would begin a phased reduction in headcount. The job cuts were blamed on the time it had taken for Toshiba, Moorside’s owners, to finalise its sale to Korean developer Kepco.

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